ECONOMY ACT 

REIMBURSABLE BUY/SELL ACTIVITY

EFFECTIVE FISCAL 2022

PREPARED BY:

GENERAL LEDGER AND ADVISORY BRANCH

FISCAL ACCOUNTING OPERATIONS

BUREAU OF THE FISCAL SERVICE

U.S. DEPARTMENT OF THE TREASURY
[Type here]

Version Control

Version Date Author(s) Reviewer(s) Description of Changes

1.0 9/2002 N/A N/A 

2.0 4/7/2022 Kyle Moore Updated with new Branch SOP format and scenario formatting details. Updated USSGL 

Accounts and Transactions 

Background 

The Economy Act of 1932, as amended, 31 U.S.C. § 1535, permits Federal Government agencies to purchase goods or services from 

other Federal Government agencies or other major organizational units within the same agency. An Economy Act purchase is 

permitted only if: (1) amounts for the purchase are actually available, (2) the purchase is in the best interest of the Government, (3) the 

ordered goods or services cannot be provided by contract from a commercial enterprise, i.e., the private sector, as conveniently or 

cheaply as could be by the Government, and (4) the agency or unit to fill the order is able to provide or get by contract the 

ordered goods or services. 

The Federal Acquisition Regulations (FAR), 48 CFR 17.5 provides further requirements for Economy Act agreements. The FAR 

provides that an order cannot be placed under the Economy Act if a more specific statutory authority exists. Purchases pursuant to the 

Economy Act are not exempt from the requirements of 48 CFR 7.3, “Contractor Versus Government Performance.” 

Thus, Office of Management and Budget (OMB) Circular No. A-76 applies to Economy Act agreements. Economy Act agreement 

must achieve full cost recovery, and there is no law permitting a waiver of this full cost recovery requirement. Full cost recovery 

includes direct and indirect costs. 
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 3 of 49 

Further, the Economy Act does not allow a Federal agency or unit to receive a profit when providing goods or services. 

The FAR states that Economy Act orders must include (1) a description of the supplies or services required; (2) delivery requirements; 

(3) a funds citation; (4) a payment provision; and (5) acquisition authority as may be appropriate. 

Section 20.10 of OMB Circular No. A-11 states “When a reimbursable agreement with another Federal account is accompanied by a 

cash advance, you may disburse to pay obligations associated with that advance. However, if you are authorized to incur 

obligations against customer orders from other Federal accounts without an advance, the order establishes obligational authority only 

and you may not disburse the account into a negative position (see section 145.2 on Antideficiency Act violations).” 

 

Based on the period of availability of the ordering agency Treasury Appropriation Fund Symbol (TAFS), section 130.9 of A-11 

includes a table detailing periods of availability of the performing agency TAFS. The OMB Circular No. A-11 can be found at:

Circulars | The White House

Many Economy Act transactions will be processed in G-Invoicing. G-Invoicing is not an accounting system, but rather a central 

repository to support the accounting of Buy/Sell transaction events. Please reference the G-Invoicing Program Guide for Basic 

Accounting and Reporting Scenario (FY 2022) for further information on G-Invoicing. 

The U.S. Standard General Ledger - USSGL Implementation Guidance (treasury.gov)

For further information on Buy/Sell Intragovernmental Transactions (IGT) please reference TFM Volume 1, Part 2, Chapter 4700, 

Appendix 8. 

I TFM PART 2 CHAPTER 4700: FEDERAL ENTITY REPORTING REQUIREMENTS FOR THE FINANCIAL REPORT OF THE UNITED STATES 

GOVERNMENT (treasury.gov) 
ECONOMY ACT

EFFECTIVE FISCAL 2022

Page 4 of 49

Listing of USSGL Accounts Used in This Scenario 

Account Account Description

Budgetary

411900 Other Appropriations Realized

421000 Anticipated Reimbursements

422100 Unfilled Customer Orders Without Advance

422200 Unfilled Customer Orders With Advance

425100 Reimbursements Earned - Receivable

425200 Reimbursements Earned - Collected From Federal/Non-Federal Exception Sources

445000 Unapportioned – Unexpired Authority

449000 Anticipated Resources – Unapportioned Authority

451000 Apportionments

459000 Apportionments - Anticipated Resources - Programs Subject to Apportionment

461000 Allotments - Realized Resources

480100 Undelivered Orders - Obligations, Unpaid

480200 Undelivered Orders – Obligations, Prepaid/Advanced

490100 Delivered Orders - Obligations, Unpaid

490200 Delivered Orders - Obligations, Paid

Proprietary

101000 Fund Balance With Treasury

131000 Accounts Receivable

141000 Advances and Prepayments

175000 Equipment

175900 Accumulated Depreciation on Equipment

211000 Accounts Payable

231000 Liability for Advances and Prepayments

310000 Unexpended Appropriations

310100 Unexpended Appropriations - Appropriations Received

310700 Unexpended Appropriations - Used - Accrued

310710 Unexpended Appropriations – Used - Disbursed
ECONOMY ACT

EFFECTIVE FISCAL 2022

Page 5 of 49

331000 Cumulative Results of Operations

420100 Total Actual Resources – Collected

510000 Revenue From Goods Sold

520000 Revenue From Services Provided

570000 Expended Appropriations– Used - Accrued

570010 Expended Appropriations - Disbursed

610000 Operating Expenses/Program Costs

650000 Cost of Goods Sold

671000 Depreciation, Amortization, and Depletion

Memorandum

880100 Offset for Purchases of Assets

880200 Purchases of Property, Plant, and Equipment

This scenario portrays reimbursable Economy Act transactions in which the ordering agency and performing agency both have annual 

TAFs. Transactions highlight the following points.

 Reimbursable operations under the Economy Act between two annual TAFS

 Budget authority provided through offsetting collections

 Performing activity receives orders with and without advances 

 Availability of funds as applied to reimbursable agreements between ordering and performing entities

 Reduce unfilled customer orders to obligation balance due to an expiring appropriation of the ordering entity, in 

accordance with the Economy Act

Performing fund activity is shown in all transactions and in the accompanying reports and financial statements. Ordering fund 

transactions are shown only when applicable to the fund’s activities with the performing fund. Therefore, no reports or financial 

statements are displayed for the ordering fund. Also, it is presumed that the ordering fund uses general fund appropriations.
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 6 of 49

The Economy Act has two parts. Without Advances and With Advances. It is important that agencies determine which part of the 

scenario applies to them. “Economy Act (Without Advances)” begins on the following page and the “Economy Act (With Advances)” 

begins on page 32. 

Economy Act (Without Advances)– Year 1

1. The agency’s annual Appropriations Act provides $150,000 in appropriated funds to the performing agency. A warrant for $150,000 is issued to the 

performing fund. In this scenario, the other funding source is the direct appropriation.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

Not Applicable

Budgetary Entry

411900 (D) Other Appropriations Realized

 445000 (D) Unapportioned – Unexpired 

Authority

Proprietary Entry

101000 Fund Balance With Treasury

 310100 Unexpended Appropriations - 

Appropriations Received

150,000

150,000

150,000

150,000

A104

2. The performing agency anticipates $50,000 in spending authority from offsetting collections (reimbursable.) 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

421000 (R)Anticipated Reimbursements

 449000 (R) Anticipated Resources – 

Unapportioned Authority

Proprietary Entry

None.

50,000

50,000 A702
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 7 of 49

Economy Act (Without Advances)– Year 1

3. An agency submits an apportionment/reapportionment schedule to the Office of Management and Budget (OMB) requesting apportionment. OMB

subsequently approves. ($150,000 (i.e. Direct) general fund appropriation + $50,000 (i.e. Reimbursable) anticipated from spending authority from offsetting 

collections.)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

Not Applicable

Budgetary Entry

445000 (D) Unapportioned – Unexpired 

Authority

 451000 (D) Apportionments

 

449000 (R) Anticipated Resources – 

Unapportioned Authority

 459000 (R) Apportionments – Anticipated 

Resources – Programs Subject to 

Apportionment

Proprietary Entry

None.

150,000

50,000

150,000

50,000

A116

A118

4 The agency head allots the available apportionment and approves automatic allotment of resources realized (i.e. Direct)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

451000 (D) Apportionments

 461000 (D) Allotments – Realized 

Resources

Proprietary Entry

None.

150,000

150,000

A120

5. The performing agency orders equipment. The funding came from general fund appropriations, not from reimbursable activity. (i.e. Direct)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

461000 (D) Allotments – Realized Resources

 480100 (D) Undelivered Orders – 

Obligations, Unpaid

Proprietary Entry

None.

50,000

50,000 B306
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 8 of 49

Economy Act (Without Advances)– Year 1

6. The performing agency receives equipment from transaction 5. Equipment has a 5-year useful life and no salvage value. See transaction #23 for 

depreciation entry. Please note this order will be paid for from the direct appropriation.(i.e. Direct)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

480100 (D) Undelivered Orders – Obligations, 

Unpaid

 490100 (D) Delivered Orders – 

Obligations, Unpaid 

Proprietary Entry

175000 Equipment

 211000 Accounts Payable

310700 Unexpended Appropriations – Used - 

Accrued

 570000 Expended Appropriations – Used - 

Accrued 

Memorandum Entry

880200 Purchases of Property, Plant, and 

Equipment

 880100 Offset for Purchases of Assets

50,000 

50,000

50,000

50,000

50,000

50,000

50,000

50,000

B402

B134

G120
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 9 of 49

Economy Act (Without Advances)– Year 1

7. The performing agency pays for equipment ordered and received in transactions 5 and 6. (i.e. Direct)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

490100 (D) Delivered Orders – Obligations, 

Unpaid 

 490200 (D) Delivered Orders – 

Obligations, Paid 

Proprietary Entry

211000 Accounts Payable

 101000 Fund Balance With Treasury

310710 Unexpended Appropriations – Used - 

Disbursed 

570000 Expended Appropriations – Used - 

Accrued

 310700 Unexpended Appropriations – 

Used - Accrued

 570010 Expended Appropriations - 

Disbursed 

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

B110

B235
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 10 of 49

Economy Act (Without Advances)– Year 1

8. The performing agency accepts order #1 from the ordering agency. The order is a $20,000 order for services from the ordering agency’s annual TAFS 

without an advance. (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 480100 Undelivered Orders – 

Obligations, Unpaid

20,000

20,000

B306

Budgetary Entry

422100 (R) Unfilled Customer Orders w/o 

Advance

 421000 (R) Anticipated Reimbursement

459000 (R) Apportionments – Anticipated 

Resources – Programs Subject to 

Apportionment

 451000 (R) Apportionments

Proprietary Entry

None.

20,000

20,000

20,000

20,000

A706

A123 

9. To record the allotment of authority. (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

Not Applicable

Budgetary Entry

451000 (R) Apportionments

 461000 (R) Allotments – Realized 

Resources

Proprietary Entry

None.

20,000

20,000 A120
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 11 of 49

Economy Act (Without Advances)– Year 1

10. The performing agency orders supplies that will be used in providing the necessary services to the ordering agency. (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

461000 (R) Allotments – Realized Resources

 480100 (R) Undelivered Orders – 

Obligations, Unpaid

Proprietary Entry

10,000

10,000

B306

11. The performing agency’s fund receives supplies from transaction 10. (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

480100 (R)Undelivered Orders – Obligations, 

Unpaid

 490100 (R) Delivered Orders – 

Obligations, Unpaid 

Proprietary Entry

610000 Operating Expenses/Program Costs

 211000 Accounts Payable

310700 Unexpended Appropriations - Used – 

Accrued

 570000 Expended Appropriations - Used - 

Accrued

 

10,000

10,000

10,000

10,000

10,000

10,000

B402

B134
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 12 of 49

Economy Act (Without Advances)– Year 1

12. The performing agency pays for supplies ordered and received in transactions 10 and 11. (i.e., reimbursable) (See background section excerpt from 

section 20.10 in OMB CircularA-11. FBWT (e.g., 101000) derived from non-reimbursable budgetary resources may be used for liquidation purposes while 

awaiting reimbursement as long as this cash management practice does not violate any existing laws and where the TAFS’ FBWT remains in a positive 

position. Internal adjustments are not shown but could be necessary.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

490100 (R) Delivered Orders – Obligations, 

Unpaid 

 490200 (R) Delivered Orders – 

Obligations, Paid 

Proprietary Entry

211000 Accounts Payable

 101000 Fund Balance With Treasury 

310710 Unexpended Appropriations - Used – 

Disbursed 

 570010 Expended Appropriations – 

Disbursed 

570000 Expended Appropriations - Used – 

Accrued

 310700 Unexpended Appropriations - 

Used – Accrued

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

B110

B235

 
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 13 of 49

Economy Act (Without Advances)– Year 1

13. To record administrative expenses related to order #1. (i.e., reimbursable) (See background section excerpt from section 20.10 in OMB CircularA-11. 

FBWT (e.g., 101000) derived from non-reimbursable budgetary resources may be used for liquidation purposes while awaiting reimbursement as long as this 

cash management practice does not violate any existing laws and where the TAFS’ FBWT remains in a positive position. Internal adjustments are not shown 

but could be necessary.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable Budgetary Entry

461000 (R)Allotments – Realized Resources

 490200 (R) Delivered Orders – 

Obligations, Paid

Proprietary Entry

610000 Operating Expenses/Program Costs

 101000 Fund Balance with Treasury

310710 Unexpended Appropriations - Used 

– Disbursed 

 570010 Expended Appropriations - 

Disbursed

4,000

4,000

4,000

4,000

4,000

4,000

B107

B234
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 14 of 49

Economy Act (Without Advances)– Year 1

14. The performing agency provides services (i.e., includes charges for labor, general, and administrative expenses) to Federal agency from order #1. 

Consistent with the reimbursable agreement, both agencies agree to leave the order open for additional work that may be obligated in the current year. (i.e., 

reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

480100 Undelivered Orders – 

Obligations, Unpaid

 490100 Delivered Orders – 

Obligations, Unpaid

Proprietary Entry

610000 Operating Expenses/Program 

Costs

 211000 Accounts Payable

310700 Unexpended Appropriations – 

Used - Accrued

 570000 Expended Appropriations – 

Used - Accrued

14,000

14,000

14,000

14,000

14,000

14,000

B402

B134

Budgetary Entry

425100 (R) Reimbursements Earned - 

Receivable

 422100 (R) Unfilled Customer Orders 

Without Advance

Proprietary Entry

131000 Accounts Receivable 

 520000 Revenue From Services 

Provided

14,000

14,000

14,000

14,000

A714
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 15 of 49

Economy Act (Without Advances)– Year 1

15. The performing agency receives payment from order #1. (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

490100 Delivered Orders – Obligations, 

Unpaid

 490200 Delivered Orders – 

Obligations, Paid

Proprietary Entry

211000 Accounts Payable

 101000 Fund Balance With Treasury

310710 Unexpended Appropriations – 

Used - Disbursed

570000 Expended Appropriations – 

Used - Accrued

 310700 Unexpended Appropriations 

– Used - Accrued

 570010 Expended Appropriations - 

Disbursed

14,000

14,000

14,000

14,000

14,000

14,000

14,000

14,000

B110

B235

Budgetary Entry

425200 (R) Reimbursements Earned - 

Collected From Federal/Non-Federal 

Exception Sources 

 425100 (R) Reimbursements Earned– 

Receivable

Proprietary Entry

101000 Fund Balance With Treasury

 131000 Accounts Receivable 

570010 Expended Appropriations – 

Disbursed 

 310710 Unexpended Appropriations – 

Used - Disbursed

14,000

14,000

14,000

14,000

14,000

14,000

C186

B234R
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 16 of 49

Economy Act (Without Advances)– Year 1

16. The performing agency accepts order #2 from an ordering agency. The order is a $25,000 order for services from another federal agency’s annual TAFS 

without an advance. (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 480100 Undelivered Orders – 

Obligations, Unpaid

25,000

25,000

B306

Budgetary Entry

422100 (R) Unfilled Customer Orders w/o 

Advance

 421000 (R) Anticipated Reimbursement

459000 (R) Apportionments – Anticipated 

Resources – Programs Subject to 

Apportionment

 451000 (R) Apportionments

Proprietary Entry

None.

25,000

25,000

25,000

25,000

A706

A123 

17. To record the allotment of authority. (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

Not Applicable

Budgetary Entry

451000 (R) Apportionments

 461000 (R) Allotments – Realized 

Resources

Proprietary Entry

None.

25,000

25,000 A120
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 17 of 49

Economy Act (Without Advances)– Year 1

18. The performing agency incurs and pays for salaries and benefits expenses. (i.e. Reimbursable/but Direct temporarily used). (See background section 

excerpt from section 20.10 in OMB CircularA-11. FBWT (e.g., 101000) derived from non-reimbursable budgetary resources may be used for liquidation 

purposes while awaiting reimbursement as long as this cash management practice does not violate any existing laws and where the TAFS’ FBWT remains in a 

positive position. Internal adjustments are not shown but could be necessary.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

461000 (R) Allotments – Realized Resources

 490200 (R) Delivered Orders – Obligations, 

Paid

Proprietary Entry

610000 Operating Expenses/Program Costs

640000 Benefit Expenses

 101000 Fund Balance With Treasury

310710 Unexpended Appropriations - Used – 

Disbursed 

 570010 Expended Appropriations - 

Disbursed

25,000

19,000

6,000 

25,000

25,000

25,000

25,000

B107

B234 
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 18 of 49

Economy Act (Without Advances)– Year 1

19. The performing agency provides services to federal agency (amount includes charges for labor and general and administrative expenses) from order #2. 

(i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

480100 Undelivered Orders – 

Obligations, Unpaid

 490100 Delivered Orders – 

Obligations, Unpaid

Proprietary Entry

610000 Operating Expenses/Program 

Costs

 211000Accounts Payable

310700 Unexpended Appropriations – 

Used - Accrued

 570000 Expended Appropriations – 

Used - Accrued

25,000

25,000

25,000

25,000

25,000

25,000

B402

B134

Budgetary Entry

425100 (R) Reimbursements Earned - 

Receivable

 422100 (R) Unfilled Customer Orders 

Without Advance

Proprietary Entry

131000 Accounts Receivable 

 520000 Revenue From Services Provided

25,000

25,000

25,000

25,000

A714
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 19 of 49

Economy Act (Without Advances)– Year 1

20. The performing agency receives payment from order #2. (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

490100 Delivered Orders – Obligations, 

Unpaid

 490200 Delivered Orders – 

Obligations, Paid

Proprietary Entry

211000 Accounts Payable

 101000 Fund Balance With Treasury

310710 Unexpended Appropriations – 

Used - Disbursed

570000 Expended Appropriations – 

Used - Accrued

 310700 Unexpended Appropriations 

– Used - Accrued

 570010 Expended Appropriations - 

Disbursed

25,000

25,000

25,000

25,000

25,000

25,000

25,000

25,000

B110

B235

Budgetary Entry

425200 (R) Reimbursements Earned - 

Collected From Federal/Non-Federal 

Exception Sources 

 425100 (R) Reimbursements Earned– 

Receivable

Proprietary Entry

101000 Fund Balance With Treasury

 131000 Accounts Receivable

570010 Expended Appropriations – 

Disbursed 

 310710 Unexpended Appropriations – 

Used - Disbursed 

25,000

25,000

25,000

25,000

25,000

25,000

C186

B234R

21 The performing agency records depreciation on equipment.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

No entry

Proprietary Entry

671000 Depreciation, Amortization and 

Depletion

 175900 Accumulated Depreciation on 

Equipment

10,000

10,000

E120
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 20 of 49

Economy Act (Without Advances)– Year 1

PRE-CLOSING ADJUSTING ENTRIES

22. The performing agency reviews outstanding orders at year-end. There is an expiring federal annual TAFS that has not been fully obligated by the 

performing agency. The performing agency must write orders down to obligations against that order in accordance with the Economy Act (see OMB Circular 

A-11, section 20.12 and section 130.9). The ordering fund must also write down the order to comply with the Economy Act.1 (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

480100 Undelivered Orders – 

Obligations, Unpaid

 461000 Allotments – Realized 

Resources

Proprietary Entry

No entry.

6,000

6,000 F111

Budgetary Entry

461000 (R) Allotments – Realized Resources

 422100 (R) Unfilled Customer Orders 

Without Advance

Proprietary Entry

No entry.

 

 6,000

6,000 F109

23. The performing agency adjusts anticipated orders not realized and apportionments unavailable to zero. (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

459000 (R) Apportionments – Anticipated 

Resources – Programs Subject to 

Apportionment

 421000 (R) Anticipated Reimbursement

Proprietary Entry

No entry.

5,000

5,000 F112

1 Although transactionally there can be abnormal transactional balances, there cannot be ending abnormal balances.
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 21 of 49

The following Trial Balance and Financial Statements are presented for the Performing Fund only.

Economy Act 

Pre-Closing Trial Balance

 Year 1 (Without Advances)

Account Account Description Debit Credit

Budgetary

411900D Other Appropriation Realized 150,000 -

425200R Reimbursements Earned - Collected From Federal/Non-Federal Exception Sources 39,000 -

461000D Allotments – Realized Resources - 100,000

490200D Delivered Orders – Obligations, Paid - 50,000

490200R Delivered Orders – Obligations, Paid 39,000

Total 189,000 189,000

Proprietary

101000 Fund Balance With Treasury 100,000 -

175000 Equipment 50,000 -

175900 Accumulated Depreciation on Equipment - 10,000

310100 Unexpended Appropriations – Appropriations Received - 150,000

310710 Unexpended Appropriations – Used - Disbursed 50,000 -

520000 Revenue from Services Provided - 39,000

570010 Expended Appropriations - Disbursed - 50,000

610000 Operating Expenses/Program Costs 33,000 -

640000 Benefit Expense 6,000

671000 Depreciation, Amortization, and Depletion 10,000 -

Total 249,000 249,000

Memorandum

880100 Offset for Purchases of Assets - 50,000

880200 Purchases of Property, Plant, and Equipment 50,000 -

Total 50,000 50,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 22 of 49

Economy Act (Without Advances) Financial Statements - Year 1

The following Financial Statements are presented for the Performing Fund only.

BALANCE SHEET

Line No.

Assets (Note 2)

Intra-governmental

1. Fund Balance with Treasury (Note 3) (101000E) 100,000

7. Total Intra-governmental 100,000

Other than intra-governmental/With the public

12 General property, plant, and equipment, net (Note 10) (175000E, 175900E) 40,000

18. Total with the public (Calculated Lines 8 through 17) 40,000

19. Total assets (Calculated Lines 7 and 18) 140,000

Net position:

41.2 Unexpended appropriations – Funds From Other than Dedicated Collections (310100E, 310710E) 100,000

42.2

Cumulative results of operations – Funds from Other Than Dedicated Collections (520000E, 570010E, 

610000E, 671000E, 880100E, 880200E) 40,000

43. Total net position (Calculated sum lines 41 and 42) 140,000

44. Total liabilities and net position (Calculated sum Lines 39 and 43) 140,000

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

1. Gross costs (610000E, 640000E, 671000, 880100, 880200) 49,000

2. Less: earned revenue (520000) (39,000)

3. Net program costs 10,000

5. Net program costs including Assumption Changes: 10,000

8. Net cost of operations 10,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 23 of 49

Economy Act (Without Advances) Financial Statements - Year 1

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

4. Appropriations Received (310100E) 150,000

7. Appropriations used (310710E) (50,000)

8. Net Change in Unexpended Appropriations (Calculated Lines 4 through 7) 100,000

9. Total Unexpended Appropriations (Calculated Lines 3 and 8) 100,000

Cumulative Results of Operations:

14. Appropriations used (570010E) 50,000

21 Net Cost of Operations (+/-) (10,000)

22. Net Change in Cumulative Results of Operations (Calculated Lines 13 through 20 less line 21) 40,000

23. Cumulative Results of Operations- Ending (Calculated sum lines 12 and 22) 40,000

24 Net Position (Calculated sum lines 9 and 23) 140,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 24 of 49

The following Financial Statements are presented for the Performing Fund only.

Economy Act (Without Advances) Financial Statements - Year 1

STATEMENT OF BUDGETARY RESOURCES

Line No.

Budgetary resources:

1290 Appropriations (discretionary and mandatory) (411900E) 150,000

1890 Spending authority from offsetting collections (discretionary and mandatory) (425200E) 39,000

1910 Total budgetary resources 189,000

Status of Budgetary Resources:

2190 New obligations and upward adjustments (total) (490200E) 89,000

Unobligated balance, end of year:

2204 Apportioned, unexpired account (461000E) 100,000

2412 Unexpired unobligated balance, end of year 100,000

2490 Unobligated balance, end of year (total) 100,000

2500 Total budgetary resources 189,000

Outlays, Net and Disbursements, Net:

4190 Outlays, net (total) (discretionary and mandatory) (425200E, 490200E) 50,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 25 of 49

Economy Act (Without Advances) Financial Statements - Year 1

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE 

Line No. SF 133 Schedule P

BUDGETARY RESOURCES

All accounts:

0900 Total new obligations, unexpired accounts (490200E) - 89,000

Budget authority:

Appropriations:

Discretionary:

1100 Appropriation (411900E) 150,000 150,000

1160 Appropriation, discretionary (total) 150,000 150,000

1700 Collected (425200E) 39,000 39,000

1750 Spending authority from offsetting collections, discretionary (total) 39,000 39,000

1900 Budget authority (total) 189,000 189,000

1910 Total budgetary resources 189,000 -

1930 Total budgetary resources available - 189,000

Memorandum (non-add) entries:

All accounts:

1941 Unexpired unobligated balance, end of year (461000E) - 100,000

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2002 Category B (by project) (490200E) 50,000

2004 Direct obligations (total) 50,000

Reimbursable:

2102 Category B (by project) (490100E, 490200E) 39,000

2104 Reimbursable obligations (total) 39,000

2170 New obligations, unexpired accounts (490200E) 89,000 -

2190 New obligations and upward adjustments (total) 89,000 -

Apportioned, unexpired accounts:

2201 Available in the current period (461000E) 100,000 -

2412 Unexpired unobligated balance: end of year 100,000 -

2490 Unobligated balance, end of year (total) 100,000 -

2500 Total budgetary resources 189,000 -
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 26 of 49

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE

Line 

No.

SF 133 Schedule 

P

Memorandum (non-add) entries:

2501 Subject to apportionment unobligated balance, end of year (461000) 100,000

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 New obligations, unexpired accounts (490200E) 89,000 89,000

3020 Outlays (gross) (-) (490200E) (89,000) (89,000)

Memorandum (non-add) entries:

3200 Obligated balance, end of year (+ or -) - -

BUDGET AUTHORITY AND OUTLAYS, NET

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross 189,000 189,000

Outlays, gross

4010 Outlays from new discretionary authority (490200E) 89,000 89,000

4020 Outlays, gross (total) 89,000 89,000

4030 Federal sources (-) (425200E) (39,000) (39,000)

4040 Offsets against gross budget authority and outlays (total) (-) (39,000) (39,000)

4070 Budget authority net (discretionary) 150,000 150,000

4080 Outlays, net (discretionary) 50,000 50,000

Budget authority and outlays, net (total)

4180 Budget authority, net (total) 150,000 150,000

4190 Outlays, net (total) 50,000 50,000

Unexpended balances: 

5321 Direct unobligated balance, end of year (461000E) 100,000 100,000

5323 Discretionary unobligated balance, end of year (461000E) 100,000 100,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 27 of 49

Economy Act (Without Advances) Reclassified Financial Statements – Year 1: 

Note: Effective FY 2021, the Reclassified Balance Sheet is the same as the Balance Sheet. Therefore, the Reclassified Balance

Sheet is not presented in this scenario. 

RECLASSIFIED STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

2. Non-federal gross cost (610000E, 640000E, 671000E) 49,000

6. Total non-federal gross cost 49,000

7. Federal gross cost

8. Total federal gross cost

9. Department total gross cut 49,000

12. Federal earned revenue

12.2 Buy/sell revenue (exchange) (RC 24) (520000E) 39,000

13. Total federal earned revenue 39,000

14. Department total earned revenue 39,000

15. Net cost of operation 10,000

RECLASSIFIED STATEMENT OF CHANGES IN NET POSITION 

Line No.

7. Budgetary financing sources:

7.1 Appropriations received in adjusted (rescissions and other adjustments) (RC 41) (310100) 150,000

7.2 Appropriations used (RC 39) (310710) 50,000

7.3 Appropriations expended (RC 38) (570010) 50,000

7.30 Total financing sources 150,000

8 Net cost of operations (+/-) 10,000

9 Net position, end of period 140,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 28 of 49

Economy Act (Without Advances) Closing Entries– Year 1

24. To record the consolidation of actual net-funded resources and reductions for withdrawn funds.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

420100 (D) Total Actual Resources – 

Collected

420100 (R) Total Actual Resources - 

Collected

 411900 (D) Other Appropriations Realized

 425200 (R) Reimbursements Earned - 

Collected From Federal/Non-Federal 

Exception Sources

Proprietary Entry

No entry.

150,000

39,000

150,000

39,000

F302

25. To record the closing of unobligated authority for expiring authority. (i.e., direct)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

461000 (D) Allotments – Realized Resources

 465000 (D) Allotments - Expired 

Authority

Proprietary Entry

No entry.

100,000

100,000

F312
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 29 of 49

Economy Act (Without Advances) Closing Entries– Year 1

26. To record the closing of paid delivered orders to total actual resources. (i.e., direct and reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

490200 (D) Delivered Orders – Obligations, 

Paid

490200 (R) Delivered Orders – Obligations, 

Paid

 420100 (D) Total Actual Resources – 

Collected

 420100 (R) Total Actual Resources - 

Collected

Proprietary Entry

No entry.

50,000

39,000

50,000

39,000

F314

27. To record the closing of revenue, expense, and other financing source accounts to cumulative results of operations.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

No entry

Proprietary Entry

520000 Revenue from Services Provided

570010 Expended Appropriations – Disbursed

 331000 Cumulative Results of Operations

 610000 Operating Expenses/Program 

Costs

 640000 Benefit Expense

 671000 Depreciation, Amortization, & 

depletion

331000 Cumulative Results of Operations

 

39,000

50,000

49,000

89,000

33,000

6,000

10,000

F336
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 30 of 49

Economy Act (Without Advances) Closing Entries– Year 1

28. To record the closing of fiscal year activity to unexpended appropriations. 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

No entry.

Proprietary Entry

310100 Unexpended Appropriations – 

Appropriations Received

 310000 Unexpended Appropriations

310000 Unexpended Appropriations

 310710 Unexpended Appropriations – 

Used - Disbursed

150,000

50,000

 150,000

50,000

F342

29. To record the closing of memorandum accounts for purchases. 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

No entry.

Proprietary Entry

No Entry

Memorandum Entry

880100 Offset for Purchases of Capitalized 

Assets 

 880200 Purchases of Capitalized Assets

50,000

 

50,000

F370
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 31 of 49

Economy Act 

Post-Closing Trial Balance

Account Account Description Debit Credit

Budgetary

420100D Total Actual Resources - Collected 100,000 -

465000D Allotments – Expired Authority - 100,000

Total 100,000 100,000

Proprietary

101000 Fund Balance With Treasury 100,000 -

175000 Equipment 50,000 -

175900 Accumulated Depreciation on Equipment - 10,000

310000 Unexpended Appropriations - Cumulative - 100,000

331000 Cumulative Results of Operations - 40,000

Total 150,000 150,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 32 of 49

Economy Act (With Advances) – Year 1

1. The agency’s annual Appropriations Act provides $150,000 in appropriated funds to the performing agency. A warrant for $150,000 is issued to the 

performing fund.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

411900 (D) Other Appropriations Realized 

 445000 (D) Unapportioned – Unexpired 

Authority 

Proprietary Entry

101000 Fund Balance With Treasury

 310100 Unexpended Appropriations - 

Appropriations Received

150,000

150,000

150,000

150,000

A104

2. The performing agency anticipates $250,000 from spending authority from offsetting collections (reimbursable.) 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

421000 (R) Anticipated Reimbursements 

 449000 (R) Anticipated Resources – 

Unapportioned Authority

Proprietary Entry

None.

250,000

250,000 A702
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 33 of 49

Economy Act (With Advances)– Year 1

3. An agency submits an apportionment/reapportionment to the Office of Management and Budget (OMB) requesting apportionment. OMB subsequently

approves. ($150,000 (i.e. Direct) general fund appropriation + $250,000 (i.e. Reimbursable) anticipated from spending authority from offsetting collections.)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

Not Applicable

Budgetary Entry

445000 (D) Unapportioned – Unexpired 

Authority 

 451000 (D) Apportionments

 

449000 (R) Anticipated Resources – 

Unapportioned Authority 

 459000 (R) Apportionments – Anticipated 

Resources – Programs Subject to 

Apportionment 

Proprietary Entry

None.

150,000

250,000

150,000

250,000

A116

A118

4 The agency head allots the available apportionment and approves automatic allotment of resources realized (i.e. Direct)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

451000 (D) Apportionments

 461000 (D) Allotments – Realized 

Resources 

Proprietary Entry

None.

150,000

150,000

A120
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 34 of 49

Economy Act (With Advances)– Year 1

5. The performing agency accepts a $240,000 order for services from a federal entity - advance received. 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 480200 Undelivered Orders – 

Obligations, Prepaid/Advanced

Proprietary Entry

141000 Advances and Prepayments

 101000 Fund Balance With Treasury

 

240,000

240,000

240,000

240,000

B308

Budgetary Entry

422200 (R) Unfilled Customer Orders With 

Advance 

 421000 (R) Anticipated Reimbursement

459000 (R) Apportionments – Anticipated 

Resources – Programs Subject to 

Apportionment 

 451000 (R) Apportionments

Proprietary Entry

101000 Fund Balance With Treasury

 231000 Liability for Advances and 

Prepayments

240,000

240,000

240,000

240,000

240,000

240,000

C182

A123 

6. To record allotment of authority. 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

451000 (R) Apportionments 

 461000 (R) Undelivered Allotments – 

Realized Resources 

Proprietary Entry

None.

240,000

240,000 A120

7. The performing agency orders equipment. The funding came from direct activity. 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

461000 (D) Allotments – Realized Resources

 480100 (D) Undelivered Orders – 

Obligations, Unpaid

Proprietary Entry

None.

50,000

50,000 B306
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 35 of 49

Economy Act (With Advances)– Year 1

8. The performing agency receives equipment from transaction 7. Equipment has a 5-year useful life and no salvage value. Please note this order will be paid 

for from direct activity. Cost capitalization is applied to ensure accurate reimbursable expense/revenue reporting.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

480100 (D) Undelivered Orders – Obligations, 

Unpaid

 490100 (D) Delivered Orders – 

Obligations, Unpaid

Proprietary Entry

610000 Operating Expenses/Program Costs

 211000 Accounts Payable

175000 Equipment

 661000 Cost Capitalization Offset

310700 Unexpended Appropriations – Used - 

Accrued

 570000 Expended Appropriations – Used - 

Accrued

Memorandum Entry

880200 Purchases of Property, Plant, and 

Equipment

 880100 Offset for Purchases of Assets

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

B402

D514

B134

G120
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 36 of 49

Economy Act (With Advances) – Year 1

9. The performing agency confirms disbursement for equipment ordered and received in transactions 7 and 8. (i.e. Direct)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

490100 (D) Delivered Orders – Obligations, 

Unpaid

 490200 (D) Delivered Orders – 

Obligations, Paid

Proprietary Entry

211000 Accounts Payable

 101000 Fund Balance with Treasury

310710 Unexpended Appropriations – Used - 

Disbursed 

570000 Expended Appropriations – Used - 

Accrued

 310700 Unexpended Appropriations – 

Used - Accrued

 570010 Expended Appropriations - 

Disbursed 

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

B110

B235

10. The performing agency incurs and pays for general operating expenses. (i.e., reimbursable)

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

461000 (R) Allotments – Realized Resources

 490200 (R) Delivered Orders – 

Obligations, Paid

Proprietary Entry

610000 Operating Expenses/Program Costs

 101000 Fund Balance With Treasury

140,000

140,000

140,000

140,000

B107
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 37 of 49

Economy Act (With Advances) – Year 1

11. The performing agency incurs and pays for $40,000 in general operating expenses from reimbursable funds.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

461000 (R) Allotments – Realized Resources

 490200 (R) Delivered Orders – 

Obligations, Paid

Proprietary Entry

610000 Operating Expenses/Program Costs

 101000 Fund Balance With Treasury

40,000

40,000

40,000

40,000

B107

12. The performing fund records earned revenue related to the advance received in transaction #5.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

480200 Undelivered Orders – 

Obligations, Prepaid/Advanced

 490200 Delivered Orders – 

Obligations, Paid

Proprietary Entry

610000 Operating Expenses/Program 

Costs

 141000 Advances to Others

310710 Unexpended Appropriations - 

Used – Disbursed

 570010 Expended Appropriations - 

Disbursed

230,000

230,000

230,000

230,000

230,000

230,000

B604

B234

Budgetary Entry

425200 (R) Reimbursements Earned - 

Collected From Federal/Non-Federal 

Exception Sources

 422200 (R) Unfilled Customer Orders 

With Advance

Proprietary Entry

231000 Liability for Advances and 

Prepayments 

 520000 Revenue From Services Provided

230,000

230,000

230,000

230,000

A711
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 38 of 49

Economy Act (With Advances) – Year 1

13. The performing agency records depreciation on equipment.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

No entry

Proprietary Entry

671000 Depreciation, Amortization and 

Depletion

 175900 Accumulated Depreciation on 

Equipment

10,000

10,000

E120

PRE-CLOSING ADJUSTING ENTRIES

14. The performing agency adjusts anticipated orders not realized and apportionments unavailable to zero. 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

459000 (R) Apportionments – Anticipated 

Resources – Programs Subject to 

Apportionment

 421000 (R) Anticipated Reimbursements 

Proprietary Entry

No entry.

10,000

10,000 F112

15. To record the removal of unfilled customer orders with advance and to return advance in excess of obligations. 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Budgetary Entry

480200 Undelivered Orders – 

Obligations, Prepaid/Advanced

 461000 Allotments – Realized 

Resources

Proprietary Entry

101000 Fund Balance with Treasury

 141000 Advances and Prepayments

10,000

10,000

10,000

10,000

C112

Budgetary Entry

461000 (R) Allotments – Realized Resources

 422200 (R) Unfilled Customer Orders 

With Advance

Proprietary Entry

231000 Liability for Advances and 

Prepayments

 101000 Fund Balance With Treasury

10,000

10,000

10,000

10,000

F110 

Please note: The following Trial Balance and Financial Statements are presented for the Performing Fund only.
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 39 of 49

Economy Act

Pre-Closing Trial Balance

Year 1 (With Advances)

Account Account Description Debit Credit

Budgetary

411900D Other Appropriation Realized 150,000 -

425200R Reimbursements Earned - Collected From Federal/Non-Federal 

Exception Sources

230,000 -

461000D Allotments – Realized Resources - 100,000

461000R Allotments – Realized Resources 50,000

490200R Delivered Orders – Obligations, Paid - 180,000

490200D Delivered Orders – Obligations, Paid 50,000

Total 380,000 380,000

Proprietary

101000 Fund Balance With Treasury 150,000

175000 Equipment 50,000 -

175900 Accumulated Depreciation on Equipment - 10,000

310100 Unexpended Appropriations – Appropriations Received 150,000

310710 Unexpended Appropriations – Used - Disbursed 50,000

520000 Revenue from Services Provided - 230,000

570010 570010 Expended Appropriations - Disbursed 50,000

610000 Operating Expenses/Program Costs 230,000 -

661000 Cost Capitalization Offset 50,000

671000 Depreciation, Amortization, and Depletion 10,000 -

Total 490,000 490,000

Memorandum

880100 Offset for Purchases of Assets - 50,000

880200 Purchase of Property, Plant, and Equipment 50,000 -

Total 50,000 50,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 40 of 49

The following Financial Statements are presented for the Performing Fund only.

Economy Act (With Advances) Financial Statements - Year 1

BALANCE SHEET

Line No.

Assets (Note 2)

Intra-governmental

1. Fund Balance with Treasury (Note 3) (101000E) 150,000

7. Total Intra-governmental 150,000

Other than intra-governmental/With the public

12 General property, plant, and equipment, net (Note 10) (175000E, 175900E) 40,000

18. Total with the public (Calculated Lines 8 through 17) 40,000

19. Total assets (Calculated Lines 7 and 18) 190,000

Net position:

41.2 Unexpended appropriations – Funds From Other than Dedicated Collections (310100E and 310710) 100,000

42.2

Cumulative results of operations – Funds from Other Than Dedicated Collections (520000E, 570010E, 

610000E, 661000E 671000E, 880100E, 880200E) 90,000

43. Total net position (Calculated sum lines 41 and 42) 190,000

44. Total liabilities and net position (Calculated sum Lines 39 and 43) 190,000

STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

1. Gross costs (610000E, 661000E, 671000E, 880100, 880200) 190,000

2. Less: earned revenue (520000) (230,000)

3. Net program costs (40,000)

8. Net cost of operations (40,000)
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 41 of 49

Economy Act (With Advances) Financial Statements - Year 1

STATEMENT OF CHANGES IN NET POSITION 

Line No.

Unexpended Appropriations:

4. Appropriations Received (310100E and 310710) 100,000

8. Net Change in Unexpended Appropriations (Calculated Lines 4 through 7) 100,000

9. Total Unexpended Appropriations (Calculated Lines 3 and 8) 100,000

14 Appropriations Used (570010) 50,000

Cumulative Results of Operations:

21 Net Cost of Operations (+/-) (40,000)

22. Net Change in Cumulative Results of Operations (Calculated Lines 13 through 20 less line 21) 90,000

23. Cumulative Results of Operations- Ending (Calculated sum lines 12 and 22) 90,000

24 Net Position (Calculated sum lines 9 and 23) 190,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 42 of 49

Please note: The Financial Statements are presented for the Performing Fund only.

Economy Act (With Advances) Financial Statements - Year 1

STATEMENT OF BUDGETARY RESOURCES

Line No.

Budgetary resources:

1290 Appropriations (discretionary and mandatory) (411900E) 150,000

1890 Spending authority from offsetting collections (discretionary and mandatory) (425200E) 230,000

1910 Total budgetary resources 380,000

Status of Budgetary Resources:

2190 New obligations and upward adjustments (total) (490200E) 230,000

Unobligated balance, end of year:

2204 Apportioned, unexpired account (461000E) 150,000

2412 Unexpired unobligated balance, end of year 150,000

2490 Unobligated balance, end of year (total) 150,000

2500 Total budgetary resources 380,000

Outlays, Net and Disbursements, Net:

4190 Outlays, net (total) (discretionary and mandatory) (425200E, 490200E)
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 43 of 49

The following Financial Statements are presented for the Performing Fund only.

Economy Act (With Advances) Financial Statements - Year 1

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE 

Line No. SF 133 Schedule P

BUDGETARY RESOURCES

All accounts:

0900 Total new obligations, unexpired accounts (490200E) - 230,000

Budget authority:

Appropriations:

Discretionary:

1100 Appropriation (411900E) 150,000 150,000

1160 Appropriation, discretionary (total) 150,000 150,000

1700 Collected (425200E) 230,000 230,000

1750 Spending authority from offsetting collections, discretionary (total) 230,000 230,000

1900 Budget authority (total) 380,000 380,000

1910 Total budgetary resources 380,000 -

1930 Total budgetary resources available - 380,000

Memorandum (non-add) entries:

All accounts:

1941 Unexpired unobligated balance, end of year (461000E) - 150,000

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Reimbursable:

2102 Category B (by project) (490200E) 230,000

2104 Reimbursable obligations (total) 230,000

2170 New obligations, unexpired accounts (490200E) 230,000 -

2190 New obligations and upward adjustments (total) 230,000 -

Apportioned, unexpired accounts:

2201 Available in the current period (461000E) 150,000 -

2412 Unexpired unobligated balance: end of year 150,000 -

2490 Unobligated balance, end of year (total) 150,000 -

2500 Total budgetary resources 380,000 -
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 44 of 49

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE

Line No. SF 133 Schedule P

Memorandum (non-add) entries:

2501 Subject to apportionment unobligated balance, end of year (461000E) 150,000

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 New obligations, unexpired accounts (490200E) 230,000 230,000

3020 Outlays (gross) (-) (490200E) (230,000) (230,000)

Memorandum (non-add) entries:

3200 Obligated balance, end of year (+ or -) - -

BUDGET AUTHORITY AND OUTLAYS, NET

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross 380,000 380,000

Outlays, gross

4010 Outlays from new discretionary authority (490200E) 230,000 230,000

4020 Outlays, gross (total) 230,000 230,000

4030 Federal sources (-) (425200E) (230,000) (230,000)

4040 Offsets against gross budget authority and outlays (total) (-) (230,000) (230,000)

4070 Budget authority net (discretionary) 150,000 150,000

4080 Outlays, net (discretionary) - -

Budget authority and outlays, net (total)

4180 Budget authority, net (total) 150,000 150,000

4190 Outlays, net (total) - -

Unexpended balances: 

5321 Direct unobligated balance, end of year (461000E) 150,000 150,000

5323 Discretionary unobligated balance, end of year (461000E) 150,000 150,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 45 of 49

Economy Act (With Advances) Reclassified Financial Statements – Year 1: 

Note: Effective FY 2021, the Reclassified Balance Sheet is the same as the Balance Sheet. Therefore, the Reclassified Balance

Sheet is not presented in this scenario. 

RECLASSIFIED STATEMENT OF NET COST

Line No.

Gross Program Costs (Note 22):

Program A:

2. Non-federal gross cost (610000E, 661000E, 671000E) 190,000

6. Total non-federal gross cost 190,000

7. Federal gross cost

7.4 Purchase of assets (RC 24) Footnote 2 (880200) 50,000

8. Total federal gross cost 50,000

9. Department total gross cost 240,000

12. Federal earned revenue

12.2 Buy/sell revenue (exchange) (RC 24) (520000E) 230,000

12.3 Offset for Purchase of Assets (880100E) 50,000

13. Total federal earned revenue 280,000

14. Department total earned revenue 280,000

15. Net cost of operation (40,000)

RECLASSIFIED STATEMENT OF CHANGES IN NET POSITION 

Line No.

7. Budgetary financing sources:

7.1 Appropriations received in adjusted (rescissions and other adjustments) (RC 41) (310100E) 150,000

7.2 Appropriations Used (RC39) (310710) 50,000

7.3 Appropriations Expended (RC 38) (Footnote 1) (570010) 50,000

7.30 Total financing sources 150,000

8 Net cost of operations (+/-) (40,000)

9 Net position, end of period 190,000
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 46 of 49

Economy Act (With Advances) Closing Entries– Year 1

16. To record the consolidation of actual net-funded resources and reductions for withdrawn funds.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

420100 (D) Total Actual Resources – 

Collected

 411900 (D) Other Appropriations Realized

420100 (R Total Actual Resources – Collected

 425200 (R) Reimbursements Earned - 

Collected From Federal/Non-Federal 

Exception Sources

Proprietary Entry

No entry.

150,000

230,000

150,000

230,000

F302

17. To record the closing of unobligated authority for expiring authority.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

461000 (D) Allotments – Realized Resources

 465000 (D) Allotments - Expired 

Authority

461000 (R) Allotments – Realized Resources

 465000 (R) Allotments - Expired 

Authority

Proprietary Entry

No entry.

100,000

50,000

100,000

50,000

F312
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 47 of 49

Economy Act (With Advances) Closing Entries– Year 1

18. To record the closing of paid delivered orders to total actual resources.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

490200 (R) Delivered Orders – Obligations, 

Paid

 420100 (R) Total Actual Resources – 

Collected

490200 (D) Delivered Orders – Obligations, 

Paid

 420100 (D) Total Actual Resources – 

Collected

Proprietary Entry

No entry.

180,000

50,000

180,000

50,000

F314

19. To record the closing of revenue, expense, and other financing source accounts to cumulative results of operations.

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

No entry

Proprietary Entry

331000 Cumulative Results of Operations

520000 Revenue from Services Provided

570010 Expended Appropriations - Disbursed

 331000 Cumulative Results of Operations

 610000 Operating Expenses/Program 

Costs

661000 Cost Capitalization Offset

 671000 Depreciation, Amortization, & 

depletion

 

190,000

230,000

50,000

50,000

280,000

230,000

10,000

F336
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 48 of 49

Economy Act (With Advances) Closing Entries– Year 1

20. To record the closing of fiscal year activity to unexpended appropriations. 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

No entry.

Proprietary Entry

310100 Unexpended Appropriations – 

Appropriations Received

 310000 Unexpended Appropriations

310000 Unexpended Appropriations

 310710 Unexpended Appropriations – 

Used - Disbursed

150,000

50,000

 150,000

50,000

F342

21. To record the closing of memorandum accounts for purchases. 

ORDERING FUND Debit Credit TC PERFORMING FUND Debit Credit TC

Not Applicable. Budgetary Entry

No entry.

Proprietary Entry

No Entry

Memorandum Entry

880100 Offset for Purchases of Capitalized 

Assets 

 880200 Purchases of Capitalized Assets

50,000

 

50,000

F370
ECONOMY ACT

EFFECTIVE FISCAL 2022 

Page 49 of 49

Economy Act 

Post-Closing Trial Balance

Account Account Description Debit Credit

Budgetary

420100D Total Actual Resources - Collected 50,000 -

420100R Total Actual Resources - Collected 100,000 -

465000R Allotments – Expired Authority - 50,000

465000D Allotments – Expired Authority - 100,000

Total 150,000 150,000

Proprietary

101000 Fund Balance With Treasury 150,000

175000 Equipment 50,000 -

175900 Accumulated Depreciation on Equipment - 10,000

310000 Unexpended Appropriations - Cumulative - 100,000

331000 Cumulative Results of Operations 90,000

Total 200,000 200,000